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Showing 511 - 520 of 3400 results for "Revenue"

Tax miners, major corporates to tackle housing shortage: CFMEU

JAMIE WILLIAMSON  |  TUESDAY, 25 JUL 2023
... while companies would also be able to carry losses forward. Still, it said taxes of this kind can still raise significant revenue. For example, the Petroleum Resource Rent Tax is paid by fewer than 14 companies each year but, following some recent tweaks ...

KKR real estate arm reports $30m loss

CASSANDRA BALDINI  |  TUESDAY, 25 JUL 2023
... million and faced a setback of $30.8 million in the first quarter ending March 2023. The US real estate finance firm posted revenue of $156.6 million for the period and adjusted revenue of $44 million. KREF chief executive Matt Salem said the focus continues ...

UniSuper rides tech tailwinds to strong returns

JAMIE WILLIAMSON  |  TUESDAY, 18 JUL 2023
UniSuper achieved double-digit returns for FY23, revealing the shares that helped get it there and those that held it back. With more than $120 billion in assets under management, the fund returned 10.3% to members invested in the default Balanced option ...

FY23 farewells 700 advisers

KARREN VERGARA  |  FRIDAY, 14 JUL 2023
... Despite the bleak figures, a recent survey of 122 advice practices found that adviser profitability is rising. On average, revenue jumped from $1.1 million in 2021 to $1.6 million this year thanks to operating a more efficient back office.

Platinum loses $232m in FY23

CASSANDRA BALDINI  |  WEDNESDAY, 12 JUL 2023
... in the second half. Pinnacle said its net share of these performance fees, after tax payable by the Affiliates on this revenue, is in the order of $14.6 million, of which $13.6 million was earned in 2H FY23. For FY22, Pinnacle's net share of performance ...

Advice firm revenues jump 45%

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... by nearly 50% from two years ago. A survey of 122 advice practices conducted by Business Health and Iress found average revenue jumped from $1.1 million in 2021 to $1.6 million this year. According to the Financial advice efficiency report, advisers ...

Equipsuper adds board director

ELIZABETH FRY  |  TUESDAY, 11 JUL 2023
The $30 billion superannuation fund which covers workers from engineering, manufacturing, healthcare and teaching, has appointed Julian Widdup to the board as a new member director. Widdup replaces Jan Dekker, who joined the board in 2016. For over ...

Adviser demand up as industry turns corner: Recruiter

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
... $130,000-140,000 plus super. Total employment cost (TEC) range is $140,000-$150,000 plus bonus for achieving client retention and revenue targets, plus gateway measures (such as compliance, audit, PD, teamwork etc.). Employers are increasingly willing ...

abrdn's Jollie outlines next steps

ELIZABETH FRY  |  FRIDAY, 7 JUL 2023
... to compulsory superannuation, there are real headwinds for fund managers. "Fewer superannuation fund clients, declining revenue margins, insourcing of investment management, the continued trend to passive strategies etc. will all put pressure on fund ...

AMP loses BOLR changes class action

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
... of AMP Financial Planning who challenged AMP's decision in 2019 to slash BOLR business valuations from 4x recurring revenue to just 2.5x. Justice Moshinsky found evidence of losses incurred by the lead applicant, Equity Financial Planners, and sample ...